Abstract
Mergers and Acquisitions (M&As) is one of the most accepted inorganic strategic tool in the hands of decision makers. Though, it is a major decision as it requires huge investments but it propels the wings of growth instantaneously and such investment decisions are largely based on financial aspects of business. It brings growth as well as unavoidable challenges for Transferor and transferee Company. Such challenges may include work culture related factors and psychological factors, which directly affect the work force of the transformer company as it is observed in case of ICICI Bank and the Bank of Rajasthan Ltd. BoR amalgamation when all the bank employees of BoR agitated. Therefore, the aim of this research paper is to identify the most prominent factors (merger stressors) which affect the stress level of bank employees during post merger. The factors are divided into two heads i.e. work culture related factors and psychological factors which covers total 13 and 11 factors respectively. For this purpose, a large sample of 60 BoR bank employees has been drawn from Udaipur city and the factor analysis has been performed. We found that cultural fit and HR policy framework are two prominent factors for high level of stress and dissatisfaction among bank employees. This study is a small contribution for the betterment of the bank employees and provides guidelines for bank policy makers, strategists, scholars and researchers.
Highlights
In a dynamic business environment, banks are facing unprecedented turmoil in market as brutal competition, technological up gradation; recession in global economy, stock market volatility and increasing interest rates has increased the dilemma for bankers to deliver better performance
This is an attempt to assess the stress level of employees of erstwhile the Bank of Rajasthan Ltd. (BoR) and identify the factors which are responsible for stress
To measure the stress level of employees, they were asked to rate their opinion on various variables and If we compare the mean scores of their stress level we find that pre merger stress level was low (1.33) and on the other hand post merger stress level was high (2.68)
Summary
In a dynamic business environment, banks are facing unprecedented turmoil in market as brutal competition, technological up gradation; recession in global economy, stock market volatility and increasing interest rates has increased the dilemma for bankers to deliver better performance. In response to these market challenges, banks around the world are significantly restructuring their assets, operations and contractual relationships with their shareholders, creditors and other financial stakeholders. These feelings can lead to a sense of loss, psychosomatic difficulties, and marital discord as well At this juncture, it is quite possible that it may augment the level of stress among employees and that is not good on any part. This is an attempt to assess the stress level of employees of erstwhile the Bank of Rajasthan Ltd. (BoR) and identify the factors which are responsible for stress
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